14 result(s) for “Public Finance”
The UK government has scheduled Chancellor John Healey’s first Autumn Budget for Wednesday October 28, 2026. With ministers promising to pair fiscal discipline with measures to shift spending and decision making out of Westminster, officials and City advisers expect the package to prioritise regional investment, targeted tax measures and funding for public services.
Chancellor John Healey has not ruled out raising the bank profits surcharge in his first Autumn Budget on October 28, a move that has weighed on UK bank shares and drawn caution from the IMF. The proposal would be intended to raise revenue to close the fiscal gap created by higher borrowing costs and energy shocks.
On October 15, 2026 Pakistan’s finance minister held a series of meetings in Bangkok focused on diversifying external finance. Key topics included possible Boeing aircraft financing, digital asset regulation and the use of tokenised Eurobonds, moves designed to lower borrowing costs and extend maturities while safeguarding reserves.
On the sidelines of the IMF and World Bank annual meetings in Bangkok, Bangladeshi officials said US Treasury and Chinese lenders signalled practical support for Dhaka’s efforts to manage energy costs and external financing, a boost as the government seeks an additional multibillion dollar package from the World Bank.
The International Monetary Fund raised its 2026 growth forecast for the United Kingdom to 1.3 percent, offering a near-term boost to the Treasury ahead of the October budget, but the Fund cautioned that higher energy costs and rising long term interest rates are likely to slow growth in 2027.
On October 13, 2026, Italy’s Chamber of Deputies and Senate approved majority resolutions authorising a budget deviation tied to the 2026 Public Finance Policy Document. The move gives the government formal flexibility to increase 2027 and 2028 spending for defence, energy security and targeted support for households and businesses, while prompting warnings from fiscal watchdogs about higher deficits.
On the sidelines of the IMF World Bank meetings in Bangkok, Finance Minister Muhammad Aurangzeb said Pakistan expects growth above 4 percent this fiscal year and plans to privatise five to six state-owned entities that could fetch over $1 billion, part of a broader reform push tied to IMF commitments.
Students staged a fourth day of nationwide demonstrations on October 8, 2026, pressing demands for more school funding and safety measures while authorities deployed extra police and defended response tactics amid mounting controversy.
The Parti Québécois has returned to power in Quebec after more than a decade, but its failure to secure a majority could complicate plans for another independence referendum as Canada confronts economic and political pressure from the United States.
Gross Goods and Services Tax collections rose to Rs 2,03,521 crore in September 2026, up 14.7 percent year on year, as import-linked levies surged nearly 26 percent while domestic GST growth remained in the low double digits.
The Guardia Civil and Spain’s Tax Agency arrested six people and placed eight under investigation in an operation that authorities say evaded more than 2 million euros in taxes through undeclared fuel sales across Murcia, Alicante and other provinces.
Benchmark indices fell for a third consecutive week on September 27, 2026, pressured by sustained foreign institutional selling, higher global bond yields and elevated crude prices, even as domestic investors stepped in to cushion the fall.
The Federal Board of Revenue on September 26, 2026 announced a National Faceless Centre to centralize and digitalize tax assessment and dispute resolution. Officials say the move aims to reduce corruption, speed up refunds, and lift revenue collection in line with IMF commitments, but experts warn successful rollout will hinge on enforcement, connectivity and taxpayer trust.
The U.S. Treasury said it will buy up to $6 billion of longer dated securities in a buyback operation, a step officials say is aimed at improving market functioning even as investors question how much it will slow the rise in long term yields.